Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Ignite Planners LLC

Ignite Planners LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 85.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,989 shares of the exchange traded fund's stock after acquiring an additional 3,677 shares during the period. Ignite Planners LLC's holdings in Invesco QQQ were worth $3,848,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. NWI Management LP lifted its position in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Senator Investment Group LP acquired a new position in shares of Invesco QQQ during the fourth quarter worth $679,936,000. Spear Holdings RSC Ltd acquired a new position in shares of Invesco QQQ during the first quarter worth $474,600,000. Finally, Asset Planning Services Inc. LA ADV lifted its position in shares of Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after purchasing an additional 931,801 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $564.17 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $566.06. The company has a fifty day simple moving average of $534.38 and a 200 day simple moving average of $507.13.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, June 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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